Yardi Introduces New Enhancements to Yardi Resident Screening

Yardi announced today that it has completed several enhancements to Yardi
Resident Screening™ designed to help clients operate more
efficiently, manage risk better, comply with screening regulations, and
improve net operating income.

New developments include a refreshed look and feel to the system, a
revised Premium National Criminal Records module, and an upgraded
National Eviction Search module for clients using the Statewide Eviction
Search feature. Clients can also leverage Yardi Orion™ for SharePoint®
to combine screening results from Yardi Resident Screening with resident
history data in Yardi Voyager™ for unprecedented business intelligence.
For example, combining these types of data can reveal payment, skip,
eviction, and delinquency trends that allow property managers to adjust
screening criteria to select higher-quality residents.

These advancements coincide with the rebranding of RentGrow Inc., a
leading provider of online resident screening services for multifamily
property management firms since 1989, to Yardi. They also complete the
transition of TotalScreen™, RentGrow’s Web-based applicant
screening platform, to become Yardi Resident Screening. Effective Feb.
4, 2013, RentGrow clients will see the new Yardi brand on their
screening communications.

Yardi acquired RentGrow in February 2010 as part of its initiative to
add resident screening to its full business solution with the Yardi
Multifamily Suite™. Clients using Yardi Resident Screening can
incorporate credit checks, rental payment history searches, background
checks, and other applicant screening functions into their leasing
workflows in Yardi Voyager, in the new Yardi LeasingPad™, and in the
online leasing workflow in RENTCafé™.

“The benefits of Yardi Resident Screening have been enormous for us,”
said David Barnhill, vice president of finance and accounting for
Ascentia. “Previously we had a patchwork of background check vendors and
processes. With Yardi Resident Screening we can quickly identify
residents who are a better fit for our communities. It’s easy to use,
the time required to receive a report is a fraction of what it
previously was, and executives have instant access to conversion
statistics. Also, every community uses exactly the same process. We
benefit administratively, from a cost standpoint, and in our
collections.”

“We can run fast, reliable credit and background checks on prospects
within Yardi Voyager, without needing a third-party vendor,” said Phil
Washko, director of information technology for Chestnut Hill Realty.
“This has been very helpful in converting prospects into solid leads and
making sure we get the right residents in our properties.”

“RentGrow clients will receive the same support and expertise that they
have come to expect since the company’s founding,” said Terri Dowen,
senior vice president of sales for Yardi. “Yardi is confident that our
product innovation and service will be better than ever in the months
and years to come.”

About Ascentia

CIO, CTO & Developer Resources

Ascentia, based in Littleton, Colo., has been family owned and operated
since 1972. Its vision and purpose has been to provide distinctive
communities for American working families who want to live in affordable
housing and attractive neighborhoods that also provide a community
feeling. Its unique programs such as “Help Your Neighbor” and services
including debt-asset management have helped make Ascentia a leader in
the U.S. land lease community industry. For more information, visit www.ascentia.us.

About Chestnut Hill Realty

Chestnut Hill Realty, based in Brookline, Mass., is one of New England’s
leading residential real estate companies, specializing in multifamily
housing. Established in 1969, CHR owns and manages more than 4,500 units
in 27 apartment home communities in Greater Boston and Rhode Island. For
more information, visit www.chestnuthillrealty.com.

About Yardi

Yardi has been committed to the design, development and support of
innovative real estate investment management and property
management software for three decades. With Yardi Voyager platform,
Yardi Orion™ for SharePoint®, and the Yardi Multifamily
Suite™, Yardi Commercial Suite™, Yardi Investment Suite™, Yardi provides
a full business real estate management offering that includes marketing,
leasing, CRM, operations, accounting, ancillary services and investment
management with portfolio-wide business intelligence and platform-wide
mobility. Yardi serves clients around the world from offices in North
America, Asia, Australia, Europe and the Middle East. More information
about Yardi products and services is available at www.yardi.com.

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